10-1 reading
Across
- 2. privately owned publicly controlled central bank of the united states
- 5. money by government decree ; has no alternative value or use as a commodity
- 7. money money that has an alternative use as an economic good gunpowder, floor, corn, ect
- 9. money or other substance generally accepted as payment for goods and services; one of the three functions of money
- 11. one of the three functions of money allowing people to keep value for future use
- 12. moneyless economy that relies on trade or barter
- 13. money in the form of gold or silver coins
Down
- 1. account whose funds can be removed from a bank or other financial institution by writing a check or using a debit card
- 3. one of the three functions of money that allows it to serve as a common denominator to measure value
- 4. standard unit of currency in a country's money supply; American dollar, british pound,etc
- 5. paper currency issued by the fed that eventually replaced all other types of federal currency
- 6. narrow definition of money supply conforming to money's role as a medium of exchange components have coins currency checks other demand deposits travelers checks
- 8. an overthrow of government
- 10. broad definition of money supply obeyed to money's role as a medium of exchange and store of value components include M1 plus saving deposits time deposits and money market funds